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Facebook announced a $5.7 billion (INR 436 billion) investment in Jio Platforms, making it the largest minority stakeholder with 9.9% stake. This new transaction underlines Facebook’s commitment to India, and its interest in connecting with more than 60 million small businesses across India.

The Asia-Pacific Broadcasting Union (ABU) last week held ABUdigital, a forum set up to concentrate minds on how its members should respond to declining TV advertising revenues and emerging online opportunities. IHS Markit analysts attended the inaugural ABUdigital in Kuala Lumpur, Malaysia on 3-4 July.

Netflix has acquired a second original series from Chinese streaming platform Youku. I Hear You, produced and owned jointly by Alibaba-owned Youku and Chinese film studio Sugarent Film & TV, will be made available by Netflix to subscribers in all 190 markets today (15 May).
In China, the 24-episode romantic comedy was premiered simultaneously on streaming platforms Youku and Mango TV on 28 January 2019. Netflix acquired Day and Night in 2017.

The National Administration of TV and Radio (NATR), the newly formed Chinese media regulator, has published a draft discussion of the Provisions on Administration of Import and Broadcasting of Overseas Audio-Visual Programs. The provisions will aim to regulate the distribution of foreign content, including movies, TV shows, animation and documentaries. Media industry players were invited to comment on the draft until 19 October 2018.

Hong Kong’s leading free-to-air broadcaster TVB has launched a subscription-based over-the-top (OTT) service, offering live streaming of 20 channels and an 11,000-hour library of content including classic dramas from TVB and acquired programming from South Korea and Japan.

HOOQ, the online video platform backed by Singaporean telco giant Singtel, Warner Brothers and Sony Pictures, has launched its service in India. The subscription video-on-demand (SVoD) service features 5,000 Hollywood movie and series titles and over 10,000 local ones. priced at 199 rupees ($3.20) a month, HOOQ will allow subscribers to stream content on up to five devices including PCs, smartphones and tablets.

Hong Kong’s market-leading terrestrial television broadcaster, TVB has been granted renewal of its domestic free-to-air (FTA) broadcasting service licence for 12 years until 2027. The award is subject to a mid-term review in 2021. TVB’s licence was last renewed in 2002, with a validity of 12 years from 2003 to 2015.

Netflix has announced that its service will be launched in Australia and New Zealand on 24 March 2015. Consumers can look forward to original content, local as well as foreign series and films available on smart televisions, set-top boxes, games consoles, tablets and smartphones.

Scrutiny of China’s online streaming portals has increased, resulting in new censorship measures for major US TV series. The State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), has published a notice demanding that online video providers submit complete seasons of foreign shows with Chinese subtitles to the censorship board before they go on air. Affected are such providers as Tencent, Alibaba, Youku Tudou, Baidu's iQiyi and Sohu.

Norwegian-based mobile ad platform Opera Mediaworks (OMW) has acquired AdVine, a South African mobile ad network. This is OMW’s first acquisition in Africa. It will give the company and advertisers access to millions of African consumers...